700 Ojai Road is an 8-unit apartment building situated on a .88 acre lot with the potential for a new owner to both significantly increase the rental income as well as to potentially add units to the large R-2 zoned lot. Pleasant layout featuring a 1-story U-shaped building framed by 3-large trees and a spacious central grass courtyard. Ideal unit mix with (8) 2BD/1BA apartments and each has its own laundry hookups, water heaters and front and rear door access. Separate electric and gas meters. Carport parking. Located in upper Santa Paula in mostly single-family neighborhood close to Santa Paula Hospital, Mill Park and short drive away from downtown Main Street. The R-2 zoning allows for a maximum of 15 units per acre.
Multi-familyProperty Type
0.89 acresLot Size
$303Price/Sq.Ft.
1 spaceParking
Listed by Associate, Beachside Partners Henry•DRE #01748131• Beachside Partners
New price of $1,950,000 which comes to 13.1 GRM, 4.35% CAP rate on actuals (11.0 GRM, 5.73% CAP on market rents) for this charming value-add building in Santa Paula. 700 Ojai Road is an 8-unit apartment building situated on a . 88 acre lot with the potential for a new owner to both significantly increase the rental income as well as to potentially add units to the large R-2 zoned lot. Pleasant layout featuring a 1-story U-shaped building framed by 3-large trees and a spacious central grass courtyard. Ideal unit mix with (8) 2BD/1BA apartments and each has its own laundry hookups, water heaters and front and rear door access. Separate electric and gas meters. Carport parking. Located in upper Santa Paula in mostly single-family neighborhood close to Santa Paula Hospital, Mill Park and short drive away from downtown Main Street. The R-2 zoning allows for a maximum of 15 units per acre.
Public Records
Jun 27, 2000
Sold
$438,000
$71/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$22,895 (+0.3%)
$636,725 + $1,348,794
$1,985,519
2024
$22,826 (+2.1%)
$636,725 + $1,348,794
$1,985,519
2023
$22,350 (+2.9%)
$624,240 + $1,322,348
$1,946,588
2022
$21,714 (+187.1%)
$612,000 + $1,296,420
$1,908,420
2021
$7,564 (+0.4%)
$600,000 + $1,271,000
$1,871,000
2020
$7,531 (+5.6%)
$227,176 + $394,730
$621,906
2019
$7,131 (+1.2%)
$224,848 + $390,684
$615,532
2018
$7,044 (−1.1%)
$220,440 + $383,024
$603,464
2017
$7,124 (+6.2%)
$211,881 + $368,151
$580,032
2016
$6,709 (+4.4%)
$211,881 + $368,151
$580,032
2015
$6,425 (−1.4%)
$207,727 + $360,933
$568,660
2014
$6,517 (+0.2%)
$200,600 + $348,549
$549,149
2013
$6,503 (+3.5%)
$200,600 + $348,549
$549,149
2012
$6,284 (+0.9%)
$199,695 + $346,975
$546,670
2011
$6,230 (+0.9%)
$195,780 + $340,172
$535,952
2010
$6,175 (+2.5%)
$191,942 + $333,502
$525,444
2009
$6,024 (+0.7%)
$190,508 + $331,010
$521,518
2008
$5,984
$190,961 + $331,798
$522,759
Tax history for 700 Ojai Rd
Year
Property tax
Land + Additions
Assessment*
2025
$22,895 (+0.3%)
$636,725 + $1,348,794
$1,985,519
2024
$22,826 (+2.1%)
$636,725 + $1,348,794
$1,985,519
2023
$22,350 (+2.9%)
$624,240 + $1,322,348
$1,946,588
2022
$21,714 (+187.1%)
$612,000 + $1,296,420
$1,908,420
2021
$7,564 (+0.4%)
$600,000 + $1,271,000
$1,871,000
2020
$7,531 (+5.6%)
$227,176 + $394,730
$621,906
2019
$7,131 (+1.2%)
$224,848 + $390,684
$615,532
2018
$7,044 (−1.1%)
$220,440 + $383,024
$603,464
2017
$7,124 (+6.2%)
$211,881 + $368,151
$580,032
2016
$6,709 (+4.4%)
$211,881 + $368,151
$580,032
2015
$6,425 (−1.4%)
$207,727 + $360,933
$568,660
2014
$6,517 (+0.2%)
$200,600 + $348,549
$549,149
2013
$6,503 (+3.5%)
$200,600 + $348,549
$549,149
2012
$6,284 (+0.9%)
$199,695 + $346,975
$546,670
2011
$6,230 (+0.9%)
$195,780 + $340,172
$535,952
2010
$6,175 (+2.5%)
$191,942 + $333,502
$525,444
2009
$6,024 (+0.7%)
$190,508 + $331,010
$521,518
2008
$5,984
$190,961 + $331,798
$522,759
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.88 Acres
Year renovated
—
Sq. Ft.
6,182
Year built
1956
Style
Multi-Family (5+ Unit)
County
Ventura County
APN
1000094025
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 11, 2026.
R-2
Medium Density Residential Zone
The R-2 residential zone provides areas for low-density development consisting of duplexes, attached single-family units, or two detached single-family units on one lot. The maximum permitted density is 15 units per acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Mobile home park
Property details
Parking
Parking Information
Parking Features: Carport
Interior
Unit 1 Information
# of Units: 8
# of Bedrooms: 16
# of Baths (Total): 8
Rent: $1,545
Monthly Total: $12,365
Furnished: N
Multi-Unit Information
# Of Units (Total): 8
Exterior
Lot Information
Zoning: R-2
Location
School Information
Elementary School: Other
Middle Or Junior School: Other
High School: Other
Location Information
Cross Street: Richmond
Public facts
Beds: —
Baths: —
Sq. Ft.: 6,182
Stories: —
Lot Size: 0.88 acres
Style: Multi-Family (5+ Unit)
Year Built: 1956
Year Renovated: —
County: Ventura County
APN: 1000094025
Home facts updated by county records on Jul 11, 2026
Around this home
Schools
McKevett Elementary
Public K-5 • Assigned • 0.4mi
6/10
Isbell Middle
Public 7-8 • Assigned • 1.0mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
7/10 Fire Factor
22% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 92° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
12 unhealthy days expected this year, 14 days in 30 years
Provided by First Street
Historical weather
Santa Paula, CA • 93060
Average low and high temperatures (°F)
70
48
71
49
72
50
71
50
73
53
75
57
77
58
83
60
81
59
78
54
70
49
70
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 6 hours in December, placing it above the
U.S. average for solar exposure.